It’s official: ICE, an Atlanta-based commodity derivatives exchange which few Americans have ever heard of, is buying the New York Stock Exchange, without much indication that it even cares about the New York Stock Exchange. (The real reason that ICE wants the company is Liffe, NYSE Euronext’s London-based financial derivatives subsidiary.) If all goes according to plan, ICE will happily jettison the Euronext half of NYSE Euronext.
NYSE CEO Duncan Niederauer doesn’t speak German, despite the fact that he was a Grand Marshal in the 2008 German-American Steuben Parade of New York. So we at Reuters (with many thanks a certain very senior editor who shall remain nameless) thought we’d help him out with a few phrases which might come in handy: